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Ogle County/Byron/61010

61010

ZIPSAFMR
Ogle County, IL
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$790$790
1 BR$870$870
2 BR$1,140$1,140
3 BR$1,360$1,360
4 BR$1,740$1,740
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMRUsed$1,140
Market rentN/A
Est. payment standardN/A
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 61010 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 61010 (Byron, IL) is $1,140 a month. That is down 8.1% from $1,240 in FY 2026. Byron is in the Ogle County, IL non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,080. Among 28 ZIP codes in Ogle County, 61010 has the 9th-highest two-bedroom rent (county range $1,010–$1,540). The median county two-bedroom FMR in Illinois is $958, so ZIP 61010 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 61010
BedroomsFY 2027Change90–110% range
Studio$790−7.1%$711–$869
1BR$870−8.4%$783–$957
2BR$1,140−8.1%$1,026–$1,254
3BR$1,360−9.9%$1,224–$1,496
4BR$1,740−2.2%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 61010
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$870$1,140$1,360$1,740
FY 2026$850$950$1,240$1,510$1,780
FY 2025$780$850$1,110$1,390$1,560
FY 2024area FMR$674$709$932$1,182$1,241
FY 2023area FMR$611$657$865$1,101$1,162

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Ogle County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 61010
61006$1,010−11.4%
61007$1,010−11.4%
61010Current$1,140—
61015$1,040−8.8%
61020$1,240+8.8%
61021$1,010−11.4%
61030$1,020−10.5%
61031$1,010−11.4%
61039$1,060−7.0%
61043$1,110−2.6%
61047$1,280+12.3%
61049$1,120−1.8%

Questions about ZIP 61010 rents

How much will Section 8 pay for a two-bedroom in ZIP 61010?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,080, which applies unless the housing authority uses Small Area FMRs, that basic range is $972 to $1,188 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 61010 in?

ZIP 61010 is in the Ogle County, IL non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,080.

How much did fair market rent change in ZIP 61010 for FY 2027?

The two-bedroom FMR fell 8.1%, from $1,240 in FY 2026 to $1,140 in FY 2027. Since FY 2025 it has risen 2.7%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentByron, IL fair market rentIL statewide rentsWhat is SAFMR?Data sources